A review of health insurance rates in Northern and Southern California shows rates for young adults will increase between 30% to over 40%. Instead of the 6% to 16% increase in rates for adults only, families could experience a 20% increase in health insurance rates in 2018.
One of the selling features of the Affordable Care Acts was that children could stay on their parent’s health plan until they turned 26 years old. Unfortunately, Covered California excludes from eligibility any household member that will not be claimed as a dependent by the primary taxpayer associated with the account. However, IRS guidance suggests that […]
California residents were invited to ask questions about the new Covered California health plans in a live chat held through Facebook this past Thursday. Ken Wood, Senior Advisor for Products, Marketing and Health Plan Relationships for Covered California, answered 47 questions over 90 minutes. While fourteen of the questions dealt with different aspects of the health plans being offered, the bulk of the questions focused on income requirements for the tax credits and coverage options for different family scenarios.